Binance founder Changpeng Zhao (CZ) rarely hosts AMA live sessions in Chinese, discussing the long-term prospects of Bitcoin, confidence in the BNB ecosystem, and openly warning about the risks of Meme coins and contract trading…
(Background: CZ loudly warned, “Don’t blindly buy Meme tokens with the same name as my tweets,” as you are likely to lose money!)
(Additional context: CZ revealed that his new personal book might be titled “Binance Life,” causing the Meme coin “$BinanceLife” to jump in price.)

Table of Contents

• Optimistic about Bitcoin’s long-term trend, $200,000 is only a matter of time
• The altcoin cycle will eventually return; not only Bitcoin has a stage
• Still highly confident in BNB and BNB Chain
• Reminder of high risks of Meme coins
• Not recommended for beginners to trade contracts: start with spot and small amounts to learn
• Optimistic about Binance Square’s interaction potential, future live streams planned

Binance, the world’s largest cryptocurrency exchange, founded by Changpeng Zhao (CZ), former CEO, held a Chinese-language Ask Me Anything (AMA) live event tonight (14th) at “Binance Square,” engaging in real-time interaction with the Chinese community. This event was a rare Chinese-focused session by CZ recently, attracting many users and creating a lively atmosphere, demonstrating his significant influence within the Chinese-speaking crypto community.

During the live session, many users asked questions directly on the mic. CZ responded to popular topics including market trends, Bitcoin’s future, BNB ecosystem, Meme coin risks, and investment advice for beginners.

Optimistic about Bitcoin’s long-term trend, $200,000 is only a matter of time

When discussing Bitcoin’s future, CZ expressed a clear long-term bullish outlook. He believes the market is still in a “Super Cycle,” with no clear price ceiling yet, and reaching $200,000 for Bitcoin is “only a matter of time.” He emphasized that short-term volatility is inevitable in the crypto market, but the long-term upward trend is quite clear. Investors should remain patient and avoid being swayed by short-term fluctuations.

The altcoin cycle will eventually return; not only Bitcoin has a stage

Regarding the highly watched “Altcoin Season,” CZ stated that the altcoin cycle is an inherent part of market structure and will reoccur in the future. Although it’s difficult to predict the exact timing and leading projects, he believes that whether it’s public chains, application layers, or underlying infrastructure, each will eventually have its own space to develop. The market cannot always revolve solely around Bitcoin.

Still highly confident in BNB and BNB Chain

Talking about the Binance ecosystem, CZ said he still holds a large amount of BNB and is very confident in the development of BNB Chain. He pointed out that the number of developers within the ecosystem is currently high and strong, with a solid moat, and there is still potential for continued growth. He also encouraged community members to “set higher goals,” showing faith in the long-term development of the ecosystem.

Reminder of high risks of Meme coins

Regarding the hot Meme coins, CZ repeatedly warned about the risks. He straightforwardly said he doesn’t want the community to overly rely on his or Binance executives’ statements to issue or chase Meme coins, as most of these projects have very short life cycles. Truly sustainable Meme coins must have cultural backgrounds and ongoing community vitality, especially those originating from Chinese internet culture, which may have a better chance of forming a unique influence.

Additionally, he reminded ordinary investors that on-chain “scientists” (sniping bots and high-frequency traders) are much faster than regular users, which can easily cause retail investors to chase highs and sell lows. Caution and proper risk assessment are essential.

Not recommended for beginners to trade contracts: start with spot and small amounts to learn

Regarding investment advice, CZ specifically warned beginners, strongly advising against participating in contract or leveraged trading. He pointed out that the contract market is highly volatile and risky, and even small “trial and error” investments can lead to significant losses in a short period. Instead, he recommends beginners start with spot trading and small investments, focusing on learning how the market operates and managing risks.

Optimistic about Binance Square’s interaction potential, future live streams planned

Talking about the user experience on social platforms, CZ said he remains a heavy user of X (formerly Twitter), but he believes that Binance Square’s users, having completed KYC (identity verification), possess stronger trading and financial attributes. In the future, he plans to hold periodic live streams on Binance Square to continue direct engagement with the community.